Bitcoin’s sustainable energy usage rate reaches 56.76%
As the Bitcoin mining ecosystem continues to develop, the proportion of clean energy used has increased significantly. According to data from Woocharts,
Since April 2021, Bitcoin’s clean energy usage has shown a steady growth trend, with data covering a variety of energy sources such as wind, solar, hydro, and nuclear power. The share of these sustainable energy sources has exceeded the 50% milestone and reached 56.76%, which is of great significance to the Bitcoin industry.
In addition, this data caused the community to post messages on the platform, demanding that Tesla CEO Elon Musk’s earlier promise to “restore Tesla’s acceptance of Bitcoin payments” be fulfilled.
Tesla's commitment to Bitcoin payments
Looking back at 2021, Tesla purchased $1.5 billion in Bitcoin and announced it would accept Bitcoin as a payment method. However, due to the high energy consumption issues of Bitcoin mining, Tesla quickly suspended that payment option. Musk stated at the time that if the clean energy usage rate for Bitcoin mining reached 50%, Tesla would reopen Bitcoin payments.
Data credibility is in doubt
However, things may not go so smoothly. Firstly, the data chart from Woocharts is not generated from rigorous data sources and calculations, making it difficult to convince Musk that the data can accurately reflect the current state of Bitcoin mining. Furthermore, the data actually surpassed 50% as early as mid-2022, but Musk and Tesla have taken no action in the past two years.
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